Low Income Apartments For Rent in New Ulm, MN

There are 54 low-income apartments in New Ulm that offer reduced rents to eligible households. Low-income rents in New Ulm, Minnesota can range from $493 to $795 depending on the number of bedrooms.

Rental assistance programs support 130 low-income homes in New Ulm where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $302 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving New Ulm, Minnesota

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority	Programs
New Ulm Economic Development Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near New Ulm.

New Ulm, Minnesota Affordable Housing Data

Income Based Apartments in New Ulm, Minnesota

New Ulm features 130 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in New Ulm, Minnesota

There are 54 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Ulm.

Housing Choice Vouchers in New Ulm, Minnesota

On average, Section 8 Housing Choice vouchers pay New Ulm landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in New Ulm.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Ulm, Minnesota for a two-bedroom apartment is between $815 and $996.

2024 New Ulm, Minnesota Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
New Ulm, Minnesota Fair Market Rent	$613	$689	$905	$1,127	$1,536
New Ulm, Minnesota Payment Standard Range	$552 to $674	$620 to $758	$815 to $996	$1,014 to $1,240	$1,382 to $1,690

Sourced from federal housing data and AffordableHousingOnline.com research.

New Ulm, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 6

Total Low Income Apartments 233

Total Housing Units with Rental Assistance 130

Percentage of Housing Units Occupied By Renters 26.52%

Average Renter Household Size 1.67

Average Household Size 2.17

Median Household Income $50,254 ±$3,558

Median Rent $611 ±$36

Percentage Of Renters Overburdened 39.38% ± 7.8pp

Total Population 13,287

Total Affordable Apartment Properties	6
Total Low Income Apartments	233
Total Housing Units with Rental Assistance	130
Percentage of Housing Units Occupied By Renters	26.52%
Average Renter Household Size	1.67
Average Household Size	2.17
Median Household Income	$50,254 ±$3,558
Median Rent	$611 ±$36
Percentage Of Renters Overburdened	39.38% ± 7.8pp
Total Population	13,287

Population and Household Demographics

New Ulm is a city in Brown County, Minnesota with a population of 13,287. There are 5,698 households in the city with an average household size of 2.17 persons. 26.52% of households in New Ulm are renters.

Income and Rent Overburden in New Ulm

The median gross income for households in New Ulm is $50,254 a year, or $4,188 a month. The median rent for the city is $611 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Ulm, a household making less than $2,037 a month would be considered overburdened when renting an apartment at or above the median rent. 39.38% of households who rent are overburdened in New Ulm.

Area Median Income In New Ulm

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For New Ulm, the AMI is calculated from all households within Brown County.

In New Ulm, HUD calculates the Area Median Income for a family of four as $91,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in New Ulm

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in New Ulm

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the New Ulm AMI may qualify for rental assistance programs that target Extremely Low Income households.	$19,150	$21,850	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the New Ulm AMI may qualify for rental assistance programs that target Very Low Income households.	$31,850	$36,400	$40,950	$45,500	$49,150	$52,800	$56,450	$60,100
80% AMI Income Limits Renters earning up to 80% of the New Ulm AMI may qualify for rental assistance programs that target Low Income households.	$51,000	$58,250	$65,550	$72,800	$78,650	$84,450	$90,300	$96,100